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Katana
Polygon CDK
Live since JUL 2025
#1 of 1 lending protocols
Active Loans
$24.4M
30d -8.2%
Borrow Interest
$756.6K
annualized
Net Interest Margin
46 bps
weighted spread
Utilization
33.5%
loans ÷ deposits
Active Loans 30d Δ
-8.2%
vs 30 days ago
TVL
$49.64M
share 100.0%
Lending TVL on Katana. Top 1 Protocols
Top 1 lending protocols on Katana by TVL. 7-day moving average.
Morpho
Top Markets on Katana
| Market | Total Supply | Active Loans | Utilization | Supply APY | Borrow APY | Borrow Interest |
|---|---|---|---|---|---|---|
| vbWBTC / vbUSDC86% LLTV | $15.86M | $13.46M | 84.9% | 2.58% | 3.05% | $409.93K |
| weETH / vbETH92% LLTV | $6.34M | $5.71M | 90.0% | 1.80% | 2.00% | $114.18K |
| yvvbETH / vbUSDC77% LLTV | $2.1M | $1.69M | 80.3% | 2.86% | 3.57% | $60.35K |
| yvvbUSDC / vbUSDT86% LLTV | $873.73K | $787.12K | 90.1% | 3.57% | 3.97% | $31.23K |
| weETH / vbUSDT86% LLTV | $824.44K | $751.69K | 91.2% | 6.03% | 6.63% | $49.83K |
| vbETH / vbUSDC86% LLTV | $771.91K | $663K | 85.9% | 2.44% | 2.84% | $18.86K |
| vbWBTC / vbUSDT86% LLTV | $373.22K | $348.47K | 93.4% | 5.55% | 5.96% | $20.75K |
| FXRP / vbUSDT77% LLTV | $273.33K | $254.64K | 93.2% | 6.16% | 6.63% | $16.88K |
| stcUSD / vbUSDC86% LLTV | $238.38K | $82.1K | 34.4% | 0.63% | 1.84% | $1.51K |
| avKAT / KAT77% LLTV | $227.81K | $209.73K | 92.1% | 3.29% | 3.58% | $7.51K |
Top Vaults on Katana
| Name | Curator | Asset | TVL | Net APY | Fee | Curator Fees 30d | 30d Δ TVL |
|---|---|---|---|---|---|---|---|
| Steakhouse Prime USDC | Steakhouse Financial | vbUSDC | $11.2M | 2.32% | 10.0% | $2.37K | -$2.16M |
| Gauntlet USDT | Gauntlet | vbUSDT | $110.36K | 5.41% | 10.0% | $54.66 | -$108.15K |
| Gauntlet AUSD | Gauntlet | AUSD | $34.16K | 0.00% | 10.0% | $0 | -$15.48K |
| Steakhouse Prime AUSD | Steakhouse Financial | AUSD | $27.16K | 0.00% | 0.0% | $0 | -$20.86K |
| Gauntlet WETH | Gauntlet | vbETH | $15.62K | 0.03% | 10.0% | $0.04 | -$2.61M |
| Pocky's High Yield vbUSDC - Personal Vault | unattributed | vbUSDC | $15.25K | 297953.94% | 0.0% | N/A | -$12.23K |
| Yearn OG USDC | Yearn | vbUSDC | $13.69K | 5.77% | 10.0% | $2.73 | -$117.58 |
| Gauntlet USDC | Gauntlet | vbUSDC | $3.85K | 0.01% | 10.0% | $0 | -$44.07K |
| Yearn OG ETH | Yearn | vbETH | $2.74K | 0.00% | 10.0% | $0 | -$1.93K |
| Steakhouse High Yield USDC | Steakhouse Financial | vbUSDC | $1.52K | 0.00% | 10.0% | $0 | -$8.76 |
Curator Presence on Katana
| Curator | Vaults Here | TVL on Chain | Curator Fees (Ann.) | Weighted Net APY | Global TVL |
|---|---|---|---|---|---|
| Steakhouse Financial | 4 | $11.23M | $28.87K | 2.31% | $520.58M |
| Gauntlet | 5 | $164.37K | $665.65 | 3.63% | $593.42M |
| Yearn | 5 | $17.04K | $37.02 | 4.83% | $38.55M |
| RE7 Labs | 2 | $1.16K | $0 | 0.00% | $1.13M |
| Clearstar | 2 | $884.68 | $10.37 | 4.69% | $6.39M |
Loan Asset Mix. What Morpho Lends on Katana
- Stablecoins· top vbUSDC$22M76.9%
- Other· top vbETH$6.6M23.1%
- BTC-pegged· top vbWBTC$6K0.0%
Stablecoins make up 76.9% of Morpho supply on this chain. Top stable: vbUSDC ($19.4M).
Collateral Mix. What Backs Loans on Katana
- BTC-pegged· top vbWBTC$25.5M57.7%
- Other· top yvvbETH$9.4M21.1%
- LSTs· top weETH$8.2M18.6%
- Stablecoins· top yvvbUSDC$1.2M2.6%
Stablecoins make up 2.6% of Morpho supply on this chain. Top stable: yvvbUSDC ($985.2K).
Interest Flow Attribution
Annualized borrow interest paid by borrowers on Katana: $756.6K
38%
58%
- To Lenders · via vaults$290.5K 38%
- To Lenders · direct supply$436.52K 58%
- To Curators$29.59K 4%
- To Morpho DAO (fee switch off)$0 0%
Lender yield = borrow interest − curator fees − protocol fees · vault/direct split by vault supply share (40.0%)
Supply Rates vs Competitors on Katana
Morpho supply APY against the best competing venue, per asset.
No assets with both a Morpho market and a competitor market on this chain
As of 2026-09-07 · loan-book metrics from Morpho market/vault state